Today, there were 19 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 276 active single family homes for sale in Palos Verdes ranging in price from $825,000 in Rancho Palos Verdes ($619,000 in Eastview) to $23,000,000 in Rolling Hills. There are 56 townhome for sale priced between $279,900 and $2,000,000. My favorites today are: Gary Myer's 505 Via Almar, Palos Verdes...
Statistics for the month of August for Palos Verdes Real Estate are now available. There were 29 closed escrows, 26 pending sales in August and 51 closed escrows and 26 pending sales in July. The number of closed escrows are down compared to the last 5 months. Average price for homes that closed escrow in August was nearly the same at $1,480,000 compared to July at $1,496,000. Average days on...
Palos Verdes Peninsula School District students had an average API (Academic Performance Index) score of 904 which is 5 points higher than last year. Scores range from 200 to 1000. Cornerstone Elementary School scored 977 which was the highest mark of any school in Los Angeles County (and 12 points higher than last year). Peninsula High School scored an 879 (8 points higher than last year)....
Interest rates were moving downward today. A 30 year fixed conforming jumbo loan (maximum loan amount of $729,750) was 6.125 percent with ZERO points. A minimum of 10% down payment is required and with a 20% down payment, there is no PMI (private mortgage insurance). Today's rates are down 1/2% from a month ago which increases affordability 5% and should bring more buyers to the market. In the...
Today, there were 15 homes on the Palos Verdes Real Estate Broker's Tour including several interesting and unusual properties. We currently have 261 active single family homes for sale in Palos Verdes ranging in price from $875,000 in Rancho Palos Verdes ($579,000 in Eastview) to $23,000,000 in Rolling Hills. There are 48 townhomes for sale priced between $372,000 and $2,000,000. My favorites today...
Here is another great spot which was submitted by Mary McPherson. This is the Ocean Estates Trail in Rancho Palos Verdes. This is an easy walk along the bluff of our beautiful Palos Verdes coast looking out at the ocean and several coves. It is quiet and peaceful. There are benches to sit and take it all in. The Trail is located on the ocean side of Oceanfront Estates. At the end of...
This is the first in a series of special places on the Palos Verdes Peninsula which many owners of Palos Verdes real estate are not aware of. You might say these are "secret" places. The Gazebo at Roessler Pointis located in Palos Verdes Estates. The entrance is at the northwest end of the parking lot for Malaga Cove School (Paseo Del Mar and Via Arroyo). The Gazebo ia a great spot for...
The Lunada Bay neighborhood is located in Palos Verdes Estates. My favorite things about this neighborhood are the ocean views and the coastline bluff trails for walking. My son would say it was when the last Pirates of the Caribbean movie was being filmed (photo above) two summers ago and the cliffs were lined with people (including us) with binoculars watching. The Lunada Bay area is .7 square...
Yesterday, there were 25 homes on the Palos Verdes Real Estate Broker's Tour. I have selected both high and low priced homes. We currently have 281 active single family homes for sale in Palos Verdes ranging in price from $849,000 in Rancho Palos Verdes ($579,000 in Eastview) to $23,000,000 in Rolling Hills. There are 50 townhomes for sale priced between $305,000 and $2,288,000. Cheryle...
Chris Ayres loves his house. In his refreshing and thoughtful opinion piece in the LA Times, he challenges us to remember why we should love ours too. He actually purchased his home one year ago and instead of bemoaning the fact that his home may be worth less today, he tells us why he is lucky. First, the price - Ayres concludes a $1,200,000 purchase price, a loan of $1,000,000 at a fixed rate of...